THXN(SZ:300390)2025-04-24 13:00Financial Performance - The company's revenue for Q1 2025 was ¥1,687,622,325.51, a decrease of 3.80% compared to ¥1,754,354,489.87 in the same period last year[4] - Net profit attributable to shareholders was ¥3,258,768.72, down 99.35% from ¥502,005,129.18 year-on-year[4] - The total comprehensive income for the current period is ¥9,054,485.62, a decrease from ¥585,882,616.77 in the previous period[25] - Net profit for the current period is ¥7,225,184.11, a significant decline of 98.86% compared to ¥633,844,099.24 in the previous period[24] - The company's weighted average return on equity decreased to 0.03% from 4.11% in the previous year[4] Cash Flow - The net cash flow from operating activities was -¥522,206,294.79, a decline of 187.38% compared to ¥597,653,712.78 in the previous year[4] - Cash inflow from operating activities decreased to ¥663,548,872.64, down 65.24% from ¥1,911,646,440.79 in the previous period[27] - The net cash flow from operating activities was -$522.21 million, a significant decrease compared to $597.65 million in the previous period, indicating a decline in operational efficiency[28] - The total cash and cash equivalents at the end of the period decreased to $2.20 billion from $7.71 billion, highlighting liquidity challenges[28] - The net cash flow from investment activities was -$2.37 billion, worsening from -$323.51 million, indicating increased investment risks[28] Assets and Liabilities - Total assets increased by 12.77% to ¥19,785,762,786.74 from ¥17,545,051,088.73 at the end of the previous year[4] - The total liabilities increased to ¥4,551,054,277.34, up 28.83% from ¥3,531,949,262.82 in the previous period[22] - Total equity increased to ¥15,234,708,509.40, up 8.69% from ¥14,013,101,825.91 in the previous period[22] - The total non-current assets rose to approximately ¥12.88 billion from ¥10.30 billion, an increase of about 24.97%[19] Operational Metrics - The financial expenses surged by 194.79% to ¥22,247,843.18, primarily due to a decrease in interest income[10] - The company recorded a 93.44% drop in other income, totaling ¥24,908,560.02, attributed to reduced government subsidies received[10] - Total operating costs increased to ¥1,731,811,670.26, up 9.36% from ¥1,583,167,043.23 in the previous period[23] - Research and development expenses decreased to ¥19,485,107.33, down 12.54% from ¥22,242,814.77 in the previous period[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 70,485[11] - The company has a total of 158,742,936 shares under lock-up agreements, with specific release schedules for executives[15] Strategic Developments - The company signed a lithium resource development investment agreement with the Kebbi State government in Nigeria, indicating a strategic move towards resource expansion[17] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose by 58.32% to ¥584,546,423.31 due to higher sales in March[8] - Current assets decreased to approximately ¥6.91 billion from ¥7.25 billion, a decline of about 4.66%[19] - Inventory levels decreased to approximately ¥2.07 billion from ¥2.32 billion, reflecting a decline of about 11.29%[20] Borrowings and Debt Management - The company reported a significant increase in short-term borrowings, which rose by 113.62% to ¥2,248,479,636.15 due to new bank loans[8] - The company's long-term borrowings increased to ¥619,120,000.00, up from ¥560,740,000.00 in the previous period[22] - The company paid $186.50 million in debt repayments, down from $580.83 million, suggesting a strategic shift in debt management[28]